DTN Daily Basis Comments
Corn, Soybean Basis Weaker
The national average basis for corn was steady at 18 cents under the July futures contract and the DTN National Corn Index was up 3 cents at $4.34. The national average basis for soybeans was unchanged at 59 cents under the July futures contract, while the DTN National Soybean Index was up 9 cents at $11.29. The national average basis for hard red winter (HRW) wheat was unchanged at 51 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 22 cents at $5.93. The national average basis for hard red spring (HRS) wheat was unchanged at 43 cents under the July futures contract, while the DTN National Hard Red Spring Wheat Index was down 19 cents at $6.32.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.34 | $0.03 | -$0.18 | Jul | $0.003 |
| Soybeans: | $11.29 | $0.09 | -$0.59 | Jul | -$0.001 |
| SRW Wheat: | $5.53 | -$0.19 | -$0.55 | Jul | $0.009 |
| HRW Wheat: | $5.93 | -$0.22 | -$0.51 | Jul | $0.004 |
| HRS Wheat: | $6.32 | -$0.19 | -$0.43 | Jul | $0.001 |
CORN:
The national average corn basis for Monday was 18 cents under the July futures, unchanged from Friday's basis.
SOYBEANS:
The national average soybean basis for Monday was 59 cents under the July futures, unchanged from Friday's basis.
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SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday was 55 cents under the July futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday was 51 cents under the Kansas City July futures, unchanged from Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday was 43 cents under the Minneapolis July futures, unchanged from Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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